Montana Technologies (NASDAQ:AIRJ) Coverage Initiated by Analysts at HC Wainwright

HC Wainwright initiated coverage on shares of Montana Technologies (NASDAQ:AIRJ) in a research report released on Friday, Marketbeat reports. The firm issued a buy rating and a $12.00 price target on the stock.

Montana Technologies Trading Up 0.7 %

NASDAQ AIRJ opened at $9.50 on Friday. The company’s 50 day simple moving average is $7.28 and its two-hundred day simple moving average is $8.10. Montana Technologies has a 1 year low of $4.94 and a 1 year high of $49.11.

Institutional Trading of Montana Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC increased its stake in Montana Technologies by 2.7% in the third quarter. Geode Capital Management LLC now owns 187,105 shares of the company’s stock valued at $1,086,000 after acquiring an additional 4,905 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new stake in Montana Technologies during the 3rd quarter valued at $508,000. Charles Schwab Investment Management Inc. increased its position in shares of Montana Technologies by 14.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 69,733 shares of the company’s stock valued at $404,000 after acquiring an additional 8,714 shares during the period. HighTower Advisors LLC bought a new position in shares of Montana Technologies during the third quarter valued at about $342,000. Finally, Quarry LP purchased a new stake in shares of Montana Technologies during the second quarter worth about $81,000. Hedge funds and other institutional investors own 63.65% of the company’s stock.

About Montana Technologies

Montana Technologies Corporation operates as an atmospheric renewable energy and water harvesting technology company. It provides energy and dehumidification, evaporative cooling, and atmospheric water generation through its AirJoule technology. The company is headquartered in Ronan, Montana.